Mandy96
Valued Contributor
Is there any profit in the business of crypto exchange what I mean by crypto exchange is the exchange of cryptocurrencies for example, when you exchange Bitcoin to litecoin is the rate the same or it is different because if so then there should be a profit to be made in the sense that one can make some money just like foreign exchange (forex) business because as far as I know profit is made from forex business because of the exchange rate, if the exchange rate of all currencies are the same then there will not be any profit made from it and people will not even see it as a business opportunity. So I really need to know if the exchange rate of cryptocurrencies are different from each other. For example, is the exchange rate of Bitcoin different from the exchange rate of any other cryptocurrencies? And if so, i hope the exchange rate charges of the cryptocurrencies will not affect the profit that is supposed to made from the transaction.